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| Athens Exchange | | The FTSE/ASE 140 Index Announcement | | December 20, 2002 As it was announced on October 25, 2002, the Athens Exchange (ATHEX) is cooperating further with FTSE Group, the global index provider, to create a new benchmark index covering the Greek market, the FTSE / ASE 140 Index.
FTSE / ASE 140 index, which will be launched on January 2, 2003, with index base of 2,000 units, will comprise the 140 stocks of the existing FTSE / ASE 20 (blue chips), FTSE / ASE Midcap 40 (medium capitalization) and FTSE / ASE Smallcap 80 (small capitalization) indices. The new index will be calculated every trading day in real time, and will be reviewed twice a year in April and October, according to the established FTSE Ground Rules.
The new Index will cover a very high percentage of the market capitalization of the Athens Exchange. Each share of FTSE / ASE 140 Index will participate according to its weight depending on the free float, as it is the case with other FTSE / ASE Indices.
The FTSE / ASE 140 index will represent a benchmark of ATHEX performance and will provide a high correlation between the Greek Index and other foreign Indices. As Peter de Graaf, Managing Director of FTSE Europe has mentioned: The addition of the FTSE / ASE 140 to the FTSE/ASE series means that overseas and domestic investors can now estimate the performance of the majority of the Greek market, using a recognized global benchmark. According to Dr. Panayotis Alexakis, Chairman of the Athens Stock Exchange: The index will improve the profile of all Greek companies to both domestic and international investors.
| | For further information, please contact: Mr. Dimitris Domalis, Information Manager, Athens Exchange at +30 210-3211-835 or our International IR Advisor, Mr. Nicolas Bornozis, President, Capital Link Inc, in New York on (212) 661 7566. This information can be also accessed in Athens Exchange website at www.ase.gr, and Capital Link's website at www.capitallink.com with historical company |
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